ZKsync just gave banks a way to swap assets privately across chains. $ZK holders got a proposal, on a token that's down about 42% in a month.
Prividium Connect went live on mainnet yesterday. The token part comes later. Public versions of it would charge fees, swap them into ZK, and under the current Fee Flow settings burn all of it. The fee switch is built and in audit. Turning it on still needs a governance vote, and no fee level has been set.
So we ran the numbers. At about $0.0092, every $1M in fees that reaches the auction burns roughly 109M ZK. That's about 1% of the 11.2B in circulation, out of a 21B max supply.
Today Connect links private ledgers like Hyperledger Besu, and none of that pays anything into ZK. The burn only shows up on a chart if institutions pick the proposed public version and push real volume through it.
The switch exists. The fees don't. Until a vote passes and a bank shows up, ZK is trading a blog post.
$ZK
#ZKsync #Altcoins
NFA. DYOR.
Prividium Connect went live on mainnet yesterday. The token part comes later. Public versions of it would charge fees, swap them into ZK, and under the current Fee Flow settings burn all of it. The fee switch is built and in audit. Turning it on still needs a governance vote, and no fee level has been set.
So we ran the numbers. At about $0.0092, every $1M in fees that reaches the auction burns roughly 109M ZK. That's about 1% of the 11.2B in circulation, out of a 21B max supply.
Today Connect links private ledgers like Hyperledger Besu, and none of that pays anything into ZK. The burn only shows up on a chart if institutions pick the proposed public version and push real volume through it.
The switch exists. The fees don't. Until a vote passes and a bank shows up, ZK is trading a blog post.
$ZK
#ZKsync #Altcoins
NFA. DYOR.
